Search ResultsShowing 11 - 20 of 100+ results for "TPD"
Industry fund changes insurer
KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... period of life when financial commitments are typically the highest (young children, mortgages etc)," it said. Similarly, the TPD cover is going down for younger and older members, except for the 35-39 age (roughly). "The same rationale has been applied ...
Industry fund hikes insurance premiums
JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... the rise to increased claims and the Protecting Your Super reforms. A 45-year-old member with $220,000 in basic death and TPD cover will now pay 58% more for insurance, with their premiums jumping from $4.51 a week to $7.12. This includes a 12% administration ...
TPD riddled with issues: ASIC
ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... pay for the cover can't rely on it when they need it the most. "Over 12 million Australian workers automatically pay for TPD cover through their superannuation to provide financial protection when they are so sick or injured that they can never work ...
Mental health tops TPD claims
HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... permanent disability claims have been revealed in new research, and mental health tops the list. Life insurers pay out more on TPD claims caused by mental health conditions than any other kind of condition, according to the latest six-monthly analysis ...
Senate secures members' interest changes
HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... recognise that there are cohorts of members who work in at-risk occupations who will benefit from the protection of life and TPD insurance," Scheerlinck said. "Trustees will now need to work through how they will practically implement the dangerous occupation ...
Members still lack group insurance awareness: MetLife
KRISTI CHENG  |  THURSDAY, 29 AUG 2019
... financial services and super industry, not much has changed in the number of Australians that are aware they have access to life, TPD and income protection cover through super, MetLife said. Nearly 40% of super fund members who were aware they had insurance ...
Kogan Super launches
KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... conservative growth, indexed Australian listed property and indexed diversified shares. It also provides default death and TPD insurance for eligible customers. A member invested in the enhanced indexed growth option with a balance of $50,000 for example ...
Government super fund changes insurance terms, premiums
KARREN VERGARA  |  TUESDAY, 20 AUG 2019
... with its insurer AIA Australia. From 1 October 2019, members of GESB Super and West State Super will see changes to their TPD and salary continuance insurance (SCI). For death and TPD insurance changes, the terms 'sane or insane' will be replaced ...
Industry fund overhauls fee structure
KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... enquiries to obtain the most complete information available." From 1 August 2019, EISS members had to pay more for death and TPD cover as part of the Protecting Your Super changes. Death and TPD cover, and death only cover rose by 7.7%. Salary continuance ...
Super body opposes member interests bill
HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... "Women in Super is strongly opposed to the bill," WIS said. The advocacy group labelled moves to reduce member access to TPD, income protection and life cover as "totally unacceptable" given most Australian's only hold those policies through group ...
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